Luxury Rigid Boxes Market’s Advanced Research & Growth Opportunities In Global Industry By 2030

Luxury rigid boxes have been an ideal solutions for product premiumization. They add to the appearance and aesthetics, boosting sales of the beauty and personal care products. This has prompted the end-use segment to use luxury rigid boxes to make impactful designs to lure in more consumers. With a booming beauty products market, analysts anticipate that luxury rigid boxes will see excellent growth opportunities.

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Luxury rigid boxes market is projected to reach over US$ 5.4 Bn by 2030, as per the new market study published by the ESOMAR recognized research firm Future Market Insights.
“Luxury rigid boxes are the elegant and sophisticated medium for presenting products. Additionally, these boxes promote impulse purchasing of the products. Demand for luxury rigid boxes among end users is consistently increasing to build and enhance positive brand image. In spite of declining phase of luxury rigid boxes market in 2020 due to COVID 2019, significant revenue generating opportunities are anticipated with explosive nature of e-commerce and digital shopping,” says and FMI analyst.

The global leaders of beauty and personal care industries including Unilever, L’Oréal, Estée Lauder Procter & Gamble, and Shiseido and Coty have collectively reported soaring revenues, which is expected to translate with bigger budgets for luxury packaging of products. North America and Asia Pacific leading market for beauty and personal care markets and holding nearly 64% market share. All of these statistics point towards brilliant growth opportunities for luxury rigid boxes, which are continuously evolving to keep with the changing demands. Today, demand for eco-friendly packaging materials is also being factored in the production of luxury rigid boxes.

The key players of global luxury rigid boxes market are Robinson Plc, McLaren Packaging Ltd, DS Smith Packaging Limited, PakFactory, Madovar Packaging Inc., Burt Rigid Box, Inc., Holmen AB ADR (Iggesund Paperboard), Elegant Packaging, Elite Marking Systems, Design Packaging, Inc., Bigso Box Of Sweden, ACG | Ecopack (Finn Industries, Inc.):, JohnsByrne, Sunrise Packaging, Inc., Asia Korea Printing Inc., Bell Printers, Prime Line Packaging, Autajon, Npack ltd., Taylor Box Company, among others.

Impact of COVID-19 on Luxury Rigid Boxes Market

Manufacturers across the globe are facing several challenges in production of luxury rigid boxes due to COVID-19. This is primarily due to disrupted supply chain and trade related regulations. COVID-19 has had a negative impact on the economic activities and unfortunately, a quick recovery of the situations is possibly difficult. However, as global supply chains are disrupted, governments across various regions are considering stimulus packages to revamp the economy.

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Increasing Spending on Luxury Goods Boosts Demand for Luxury Packaging

Launch of new stores across developed and developing countries fuelling the consumption trends around luxury market are expected to complement market growth. Growing number of Millennials and Generation Z with high disposable incomes, reaching their spending peaks are setting trends with regards to shopping for luxury items.

Key Segment

By Packaging Type

  • Hinge Lid Box
  • Collapsible Box
  • Rigid Sleeve Box
  • Shoulder Neck Box
  • Two Piece Box
  • Telescopic Box
  • Others

By Closure Type

  • Magnetic Closure
  • Ribbon Tie
  • Mechanical Lock
  • Frictional Seal

By Insert Type

  • With Insert
  • Without insert

By Material

  • Fabrics
  • Metals
  • Plastics
  • Paper & Paper Board
Personalized Luxury Boxes for Confectionery Packaging Gains Special Attention

Confectioners and bakers have been opting for luxury boxes for artisanal packaging of products to establish brand value and maintain transparency about ingredients. Chocolate gifting luxury boxes with custom messages are a sustained trend in the market. Many confectionery shops and delivery services provide the option of printing personalized images or photos on luxury boxes to delight their customers.

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Key Takeaways of Luxury rigid boxes Market Study
  • Consumer goods industry is estimated to account for more than 1/3rd of the luxury rigid boxes market by 2030
  • Two piece boxes estimated to have an incremental opportunity of US$ 268 Mn by 2025
  • Paper and paperboard estimated to account for 68% of the global market by value, and reach slightly over US$ 3.6 Bn in 2030
  • Magnetic closure is estimated to gain by 180 bps of current market share during the forecast period
  • Foam inserts are estimated to have a significant market share by insert types, accounting for more than half of the market share by 2030

 

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Pet Care Packaging Market Witness A Spike In Growth Pace Recent Improvements In Pricing Models : FMI

Future Market Insights’ latest report on the pet care packaging market brings to fore the key dynamics accelerating growth prospects for the 2020-2030 forecast period. As per its projections, FMI infers that the pet care packaging market is poised to cross the US$ 10 billion mark, flanked primarily by the increasing proportion of pet ownership across all continents.

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“Prominent vendors are incorporating eco-friendly packaging solutions, in tandem with growing environmental consciousness by end-users and customers,” remarks the FMI analyst.

A rapidly seeping trend of nuclearization of families is compelling individuals to seek companionship from other living beings. Consequently, pet humanization is picking up major pace, thus heightening expenditure on pet care products such as pet foods, healthcare products, cosmetics and nutraceuticals.

Some prominent vendors analyzed in this report are Amcor Ltd., AptarGroup Inc., Ardagh Group S.A, Bemis Company Inc., Coveris Holdings S.A, Crown Holdings Inc. and Constantia Flexibles Group GmbH among others.

A multitude of market strategies are being deployed by the aforementioned vendors in order to survive the cut-throat competition levels across potential regions. Strategies such as product innovations, mergers & acquisitions, portfolio expansion and accelerating R&D are proving highly effective in deepening the players’ regional and global footprints.

COVID-19 Impact Insights

As the COVID-19 pandemic tightens its noose around the global economy, a worldwide recession is on the cards. With various industries experiencing production crunches due to lockdowns, revenue and profit margins have taken a turn for the worse in the past few months.

Consequently, online sales of various pet care products has compounded, prompting pet care product vendors to capitalize on this new trend to extensively market and sell their merchandise. Minor production crunches experienced in the initial months of the pandemic due to logistical constraints are already eroding, restoring the market projections.

Key Segments :

Material Type

  • Plastic
  • Paper & Paperboard
  • Metal
  • Other Packaging Material

Packaging Type

  • Cans
  • Bags & Pouches
  • Folding Cartons
  • Tubes
  • Blister Packs
  • Plastic Bottles & Jars
  • Others (Tubes, Cups, etc.)

Application

  • Dry Food
  • Wet Food
  • Pet Treat
  • Frozen

End Use

  • Cats
  • Dogs
  • Birds

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Key questions answered in the report
  • What is the pet care packaging market size?According to FMI, the global pet care packaging market is scheduled to surpass the US$ 10 billion valuation by 2030. This positive growth is largely a result of surging pet ownership and a consequent increase in pet care expenditure.
  • Which is the most widely used material for pet care packaging?Paper & paperboard packaging materials are likely to garner major traction, owing to increasing concerns amongst manufacturers and customers about the hazards of using conventional packaging materials such as metal on the environment.Moreover, the era of flexible and lightweight packaging is augmenting usage of paper & paperboard packaging across major industries, including the pet care packaging market.
  • Which pet care packaging is most used?While cans are expected to glean maximum revenue throughout the assessment period, the popularity of bags & pouches is augmenting multifold. Rising demand for pet foods and accessories is likely to push up demand for the aforementioned packaging types.
  • Which is the largest market for pet care packaging?Asia-Pacific is expected to be the fastest growing pet care packaging market. Majority of this growth is likely to occur across the emerging economies of India, China and Japan.

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Key Takeaways from FMI’s Pet Care Packaging Market Study
  • Heightening pet food demand to accelerate pet care packaging market prospects
  • Metal materials to continue holding major sway, paper & paperboard acquiring high momentum
  • Bags & pouches likely to acquire surging popularity, driven by high demand for flexible packaging solutions
  • Cat food packaging to emerge as the fastest growing segment, dog food to reign supreme

 

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Packaging Testing Market Will Reach At A Stellar CAGR Of 12% Towards 2031-End: FMI

Future Market Insight (FMI) estimates that packaging testing revenues will increase significantly from 2021 to 2031, with worldwide revenues up 12.3% year over year in 2021. Driven by introduction of new standards and regulations to increase sale of packaging testing equipment, the packaging testing market is forecast to reach valuation of US$ 12.60 Billion by the end of 2021.

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Consumers are seeking convenient packaging options which are lab tested and stand true on the parameters of quality and quantity defined by regulation committees. Package testing is performed on packaging materials using scientific equipments to evaluate the suitability of contact material with processed and frozen foods, medicines drugs, etc.

“Rise in cases of chronic ailments have accelerated the demand for pharmaceutical drugs across the globe. Growing need for safe and secure packaging to protect the drugs will drive the market growth in upcoming years,” says the FMI analyst.

Increasing demand for recyclable and biodegradable packaging has fueled the demand for packaging testing for different packaging materials under different conditions.  Pharmaceutical drugs and food and beverage manufacturers are employing packaging testing to fulfill the complex packaging standards to build brand reputation. These factors are emerging as the key growth drivers in packaging testing market.

Prominent players operating in the packaging testing market are:-

  • SGS SA
  • Intertek Group Plc
  • Bureau Veritas SA
  • Eurofins Scientific SE
  • ALS Limited
  • TUV SUD AG
  • Mérieux NutriSciences Corporation
  • Microbac Laboratories Inc.
  • National Technical Systems Inc.
  • EMSL Analytical Inc.

Introduction of new standards by International Organization for Standardization, ASTM International, European Committee for Standardization, TAPPI, Military Standards, and ISTA (International Safe Transit Association) are also making a positive impact on the market growth.

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Increasing consumer demand for rugged product packaging along with growing demand from product manufacturers for packaging that are highly durable and keeps product safe from impurities and damage will propel the packaging testing market growth throughout 2031.

Key Segments Covered in Packaging testing Market Study:

Testing Type:

  • Physical
  • Chemical
  • Microbiological

Material Type:

  • Plastic
  • Metal
  • Paper and Paperboard
  • Glass
  • Wood and Others

Packaging Application:

  • Food and Beverages
  • Healthcare
  • Pharmaceuticals
  • Medical Devices
  • Chemical and Fertilizers

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Key Takeaways from FMI’s Packaging testing Market Study
  • North America packaging testing market is poised to grow at a prolific 10% CAGR during the forecast period. Growth uptick can be attributed to strict regulatory compliances issued by U.S. Food and Drug Administration, high demand for packaged foods and increase in consumption of medicines in U.S. and Canada.
  • Driven by rise in export and production of sustainable and safe packing in U.K. and Germany, Europe packaging testing market is forecast to grow at astronomical CAGR of 11.2% through 2031.
  • Japan will account for 26% of East Asia packaging testing market share, in the wake of rising geriatric population and increasing demand for pharmaceutical drugs for treating chronic diseases in the country.

 

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
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Corrugated Automotive Packaging Market 2021: Increasing Demand For Efficient Management Practices Report

Recent report by Future Market Insights (FMI) the market for corrugated automotive packaging is likely to reflect moderate growth from 2020 to 2030. The sector is expected to benefit from sustainability initiatives in the packaging industry. The growth trajectory of the global corrugated automotive packaging market is projected to be significantly affected throughout 2020. A substantial dip in comparison to previous years is likely, largely owing to the effects of the coronavirus pandemic on the global automotive sector.

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“Original equipment manufacturers (OEMs) in the automotive industry are displaying increased preference towards corrugated packaging options owing to easier recycling, lower costs of shipping, and low weight. Corrugated packaging products are easier to customize as per the needs of the end user through the supply chain,” said a lead analyst at FMI.

In its latest report, Future Market Insights has given a detailed analysis of the many strategies being employed by market players in the corrugated automotive packaging market. Leading players are largely emphasizing on product development and launch strategies in addition to strategic acquisitions and capacity expansions.

Some of the major players in the industry include International Paper Company, Sonoco Products Company, Mondi Group Plc, Sealed Air Corp, WestRock Company, Greif Inc., DS Smith plc, and Smurfit Kappa Group plc, among others.

Key Segments

Layer Type
  • Single Face
  • Single Wall
  • Double Wall
  • Triple Wall

Product Type

  • Trays
  • Corrugated Partitions
  • Corrugated Pallets
  • Octabins
  • PoP Displays

Automotive Parts

  • Automotive Filter
  • Battery
  • Engine Components
  • Lighting Components
  • Underbody Components

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Corrugated packaging will primarily find use for lighting components, owing to safety standards associated with electronic parts, with boxes remaining a popular option for efficient logistical supply chain operations. The market is expected to gain from industry acquisition and capacity expansion strategies and investments towards product development.

The FMI report provides an overview of the industry, covering key dynamics in the market. Some of the top takeaways of the report include:

  • The corrugated automotive packaging market has been valued at over US$ 1.7 billion in 2019, and the growth rate of the market is likely to be strongly affected by the covid-19 outbreak, owing to lockdown restrictions on the manufacturing and automotive sectors
  • Corrugated boxes remain the preferred packaging format, owing to benefits in stacking, and efficiency in logistical operations from suppliers to end users
  • Packaging for automotive lighting will generate higher demand as that of batteries, engine components, filters, and electrical among others. Engine and battery packaging applications are likely to reflect faster growth owing to lower risk of accidental discharges

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Enquiry before Buying

  • Is this research conducted by Future Market Insights?
  • Yes, the research has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to research analyst
  • What research methodology is followed by FMI?
  • FMI follows a methodology that encompasses demand side assessment of the market, and triangulates the same through supply side analysis. This methodology is based on use of standard market structure, methods and definitions.
  • Who are the respondents for primary research?
  • FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Pharmaceutical Unit Dose Packaging Market Witness A Spike In Growth Pace Recent Improvements In Pricing Models: FMI

FMI, in its upcoming business report, elaborates the historical and current scenario of the global Pharmaceutical Unit Dose Packaging market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.

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Crucial information and forecast statistics covered in the Pharmaceutical Unit Dose Packaging market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

COVID-19 Impact Analysis on Pharmaceutical Unit Dose Packaging Market

The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Pharmaceutical Unit Dose Packaging market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Pharmaceutical Unit Dose Packaging market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Pharmaceutical Unit Dose Packaging market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

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Why Choose Future Market Insights

Serving domestic and international clients 24/7,Prompt and efficient customer service, Data collected from reliable primary and secondary sources, Highly trained and experienced team of research analysts, Seamless delivery of tailor-made market research reports

Important Questions Answered in the Pharmaceutical Unit Dose Packaging Market Report

Which end user remains the top revenue contributor in different regional markets?, At what rate has the global Pharmaceutical Unit Dose Packaging market been expanding during the forecast period?, How will the global Pharmaceutical Unit Dose Packaging market look like by the end of the forecast period?, What innovative strategies are adopted by Pharmaceutical Unit Dose Packaging market players to stay ahead of the pack?, What are the restraints affecting the growth of the global Pharmaceutical Unit Dose Packaging market?

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About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
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Rapid Expansion Projected For BOPA Films Market During (2020 – 2030)

Global BOPA films market will witness remarkable opportunities during the coming decade as flexible packaging becomes more popular among the consumers. Over the last few years, consumers have rapidly inclined towards flexible packaging owing to its portability and convenience factors such as resealability, microwaveable packaging, easy-open packs, carry-away packs, and longer shelf lives.

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Unitika Ltd., Mitsubishi Chemical Corporation, Toray Advanced Film Co., Ltd., and Winpak Ltd. are the top players operating in the BOPA films market. Besides, Kolon Industries Inc., Hyosung Corporation, TOYOBO Co., Ltd., A.J. Plast Public Company Limited, Sojitz Plastics America Inc., and Domo Chemicals are some other prominent players in the BOPA films market.

BOPA films are suitable for packaging of food products like frozen and cooked food, liquid and viscous food, liquid bag-in-box, fruits & vegetables, which has won them a special place in food packaging amongst most vendors.

“The demand for BOPA films in packaging is expected to increase in the years to come as the companies opt for flexible for functional solutions at affordable pricing. Increasing beauty and cosmetic industry and rising demand for improved packaging in the pharmaceutical industry are also projected to give the BOPA market a shot in the arm,” says an FMI analyst.

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Technological advancements in pharmaceutical packaging such as next-generation blister packaging and serializable blood & parenteral nutrition bags made from BOPA films are expected to play a crucial role in demand growth of the market.

Processed food products are susceptible to damage if they are exposed to biological or atmospheric impurities. Thus, producers are constantly striving for ways to maintain the quality while prolonging the shelf life.

The excellent protection offered by BOPA films against moisture and gas are expected to make them a preferred packaging solution amongst end users.

Demand for Transparent Packaging Solutions for Easy Recognition to Up BOPA Consumption

Transparency of a package is often a preferred form of packaging by most end users. If consumers aren’t able to see what’s inside the package, they are less likely to purchase it. As the demand for see-through packaging is on the rise, particularly in the packaging of food products, it is expected to boost the uptake of BOPA films.

Clearer packaging gives a visually pleasing look and therefore enhances the product’s shelf visibility. Thus, transparent packaging serves as a value addition to the consumer goods market, where product separation and quick identification is the focal point.

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Impact of COVID-19 on BOPA Films Market

Significant amount of BOPA films demand is reliant on food packaging industry. The BOPA films are used in the packing of meat & poultry, cheese, frozen food, ready-to-eat foods, fresh fruits and vegetables. Due to COVID–19 outbreak, people are also opting for packaged food items, which has had a short-term positive impact on the market.

Consumers are expected to prefer packaged food due to its limited handling. Furthermore, as the  packs can be disinfected and stored, consumer are likely to spend more on this segment.

 

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
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Plastic Jar Packaging Market Witness A Spike In Growth Pace Recent Improvements In Pricing Models: FMI

Plastic jars are ideal choice for storing chemical solvents and pharmaceutical items as they have high chemical resistivity, lightweight, and are easy to use.Witnessing passive expansion at an average 2.9% yearly rate, the global market revenues for plastic jar packaging are projected to surpass the US$ 26.314 billion mark by 2031 end.

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Among a wide range of market segments based on the capacity of plastic jars, those with less than 10 oz. will remain dominant in terms of market share, according to the report.

some of the most prominent, active competitors in the global plastic jar packaging landscape, including Alpha Packaging Inc., Ontario Plastic Container producers Ltd., Cospak Pty Ltd., Gepack Srl, Amcor Limited, Berry Global Inc., Gerresheimer AG, Olcott Plastics, Inc., RPC M&H Plastics Ltd., All American Containers, Inc., Tim Plastics, Inc., Pretium Packaging, LLC, Integrity Cosmetic Container Industrial Co., Ltd., Silgan Holdings Inc., Taral Plastics, Inc., SKS Bottle & Packaging, Inc., Neville and More Ltd., Ltd. Plasmo Pty Ltd, Zenith Global Ltd, Thornton Plastics Co., and Rayuen Packaging Co., Limited among others.

Increasing consumer inclination toward controlled portion intake, as concluded in the report, will account for sustained popularity of smaller sized plastic jars, i.e. of capacity – less than 10 oz. in the forthcoming years.

End-use Manufacturers Still Prefer Plastic Jar Packaging Solutions

In the report, FMI suggests that the emergence of plastic jar packaging as lightweight, secure, impact-resistant, durable, and cost-effective solution will create significant demand from various end-use industries during the forecast period.

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Moreover, food and beverages industry currently is the most lucrative end user, registering maximum consumption of plastic jars for packaging.

Key Segments Covered in Plastic jar packaging Market Study:

By Material Type:

Polyethylene Terephthalate (PET),Polyethylene (PE),Low-Density Polyethylene (LDPE),High-Density Polyethylene (HDPE),Polyvinyl Chloride (PVC),Polypropylene (PP),Polystyrene (PS),Others (polycarbonate, polylactide etc.)

By Capacity:

Less than 10 Oz,11 – 30 Oz,31 – 60 Oz,More than 61 Oz

By End Use:

Food and Beverages,Personal Care & Cosmetics,Homecare,Pharmaceuticals,Chemicals,Others

Developed Regions Spearhead Global Market, High Processed Food Consumption to Drive Emerging Markets

While North America represents just-under 1/4th of the global market value at present, the ever-growing demand for effective and efficient packaging formats is likely to drive innovation in the plastic jar packaging industry in the region.

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Europe’s market for plastic jar packaging will however receive strong support from the thriving end-use industries, particularly F&B, pharmaceuticals, and cosmetics & personal care. Effective regulatory framework of European authorities will also remain an important factor shaping the plastic jar packaging market across Europe, as suggested by the report.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
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Wooden Cutlery Market | One The Most Booming Industry In Upcoming Years Due To Global Demand In Industry By 2029

The global wooden cutlery market is estimated to reach a value of ~US$ 150 Mn in 2019, and expand at a CAGR of ~5.0% during the forecast period. In the report, FMI suggests that the wooden cutlery are the better alternative to plastic and steel cutlery, owing to its eco-friendly and biodegradable properties.

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The global market for wooden cutlery has been segmented on the basis of product, end use, sales channel, and regions such as North America, Latin America, Europe, South Asia, East Asia, MEA, and Oceania.

Wooden Cutlery Market: Vendor Insights

In this report, Future Market Insights has presented several strategies adopted by the key players in the wooden cutlery market, tracked by an analysis of the current developments. The key players, which have been profiled in the report on the wooden cutlery market includes Huhtamaki Group Oyj, Chefast kitchen accessories, Mede Cutlery Company, Eco-gecko Products Inc., Caoxian Luyi Wooden Product Co., Ltd., Bambu LLC, VerTerra Dinnerware, Leafware LLC, Biopac UK Ltd., Vegware Ltd., Bio Futura B.V., Ecoware Biodegradables Inc., Ecoriti, Vrag Fils Airlaid Pvt. Ltd, Natural Tableware, Packnwood (First Pack), Biotrem, Pavrex Wooden Products, Greenwood (Dalian) Industrial Co., Ltd., and Pappco Greenware, among others.

North America Remains at the Forefront

FMI’s study analyses that North America is expected to remain at the forefront of the global wooden cutlery market throughout the forecast period. In North America, the wooden cutlery market is expected to be driven by increase in number of single-person households along with increase in living standards and changing lifestyles.

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Future Market Insights on the wooden cutlery market includes the global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report analyses the wooden cutlery market and provides critical insights for the forecast period 2019-2029. As per the findings of the report, the global wooden cutlery market is projected to experience significant growth over the forecast period due to multiple driving factors.

Key Segments

By Product Type

Knives,Forks,Spoons

By Sales Channel

Manufacturers (Direct Sales),Distributors, Retailers, Hypermarkets,Supermarkets,Convenience Stores, Specialty Stores,Discount Stores & Warehouse/Wholesale,E-retail

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Opportunities Abound in East Asia & South Asia

East Asia holds significant share in the global wooden cutlery market, and is expected to attain notable CAGR during the forecast period. In East Asia, China is foreseen to remain prominent market, accounting for half of the revenue share during the forecast period. China, with low labour cost and highly efficient workers, produces large volume of wooden cutlery. Wooden cutlery made in China are available at comparatively low price, and are exported in large volume to other regions.

 

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Thermoplastic Tape Market : The Trends Driving Growth And Shaping The Future 2029

Future Market Insights (FMI) on the thermoplastic tape market includes global industry analysis 2014 – 2018 and opportunity assessment 2019 – 2029. The report investigates the thermoplastic tape market and provides critical insights for the forecast period of 2019 – 2029. As per findings of the report, the global thermoplastic tape market is expected to witness a substantial growth during the forecast period.

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Low cost and effective performance of the thermoplastic tape in the manufacturing of automotive components are expected to drive the market growth in the upcoming years. In addition to enhancing visual appearance of the automotive parts, the diversification in usage and consumption of thermoplastic tape in different end-use sectors including aerospace and building & construction is likely to drive the market growth in the next ten years.

The report highlights prominent market players who have established themselves as market leaders in the global thermoplastic tape market. Some of the key players operating in the global market are Evonik Industries AG, Toray Industries Inc., Solvay S.A., Teijin Ltd., Mitsui Chemicals Inc. and Sabic Corporation, among others.

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Manufacturers Foresee Lucrative Opportunities in East Asia

Europe will continue to hold a prominent share in the thermoplastic tape market. However, high growth opportunities are expected in East Asia in 2019 and beyond. China is anticipated to represent high incremental opportunity and maximum growth rate in the region. With mounting environmental concerns, the government in the country are continuously imposing regulations to reduce dependency on fossil fuel, which led to increased adoption of composites in automotive and aircraft manufacturing.

Key Segment

By Thickness

<0.20 mm,0.21 mm-0.40 mm,> 0.40 mm

By Material

Fiber,Carbon,Glass,Others (Aramid etc.),Resin,PAEK,PC,PA,PET,TPU,PP,Others (PPS, etc.)

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Industry Leader’s Perspective:

According to  R&D Vice President of Arkema – leading player in the thermoplastic tape market, carmakers in Europe are focusing on the development of lighter vehicles by replacing metal components with composites, in order to achieve the carbon emissions cap for new cars which will drop from 130 grams to 95 grams per kilometer by 2020. The company’s thermoplastic is set to be a part of this solution, by offering lightweight, efficient, recyclable properties.

 

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Bagasse Tableware Products Market Expectations & Growth Trends Highlighted Until 2029

Bagasse tableware products were valued at ~ US$ 1.7 Bn in 2018, unveils the new research study by Future Market Insights (FMI). According to the report, the bagasse tableware products market is projected to expand at a CAGR of ~ 6% during the forecast period of 2019-2029.

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According to the report, increasing focus on sustainable and tree free renewable resources for manufacturing tableware is projected to create high demand for bagasse tableware products throughout the forecast period. Consumers’ proclivity towards eco-friendly and single-use products is expected to further fillip the growth of market in the next decade.

As the foodservice industry continues to expand across the globe, it simultaneously generates momentous demand for bagasse tableware products. Further, as sustainable products with exceptional characteristics continue to bolster in the marketplace, it is likely to offer a competitive edge for the bagasse tableware products market players.

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Entrance of New Players in the East & South Asia Bagasse Tableware Products Market

Easy availability of raw material, economical labour, and high growth opportunity are among factors enticing new players to enter into the market. Currently, the bagasse tableware products market is in the growth phase, and significant investment is likely to be fruitful due to the increasing demand for eco-friendly tableware. The East Asia South Asia bagasse tableware products market comprises of fewer international and huge local players. The capacity expansion of the international players and a growing number of local players are foreseen to result in heavy competition among vendors. These ultimately is projected to have a smart & competitive price of bagasse tableware products in the future.

Key Segment

Product Type

Plates,Less than 8 inches,8 inches to 12 inches,More than 12 inches

Packaging Application Food,Fruits & Vegetables,Processed Food,Ready-to-Eat meals,Soups,Others

Sales Channel Indirect Sales,Departmental & Discount Stores,Hypermarket/Supermarket,Specialty Stores,Online Sales,Direct Sales

End Use

Commercial Use,Hotels & Cafes,Full Service Restaurants,Quick Service Restaurants,Venues & Catering

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Bagasse tableware products are sturdy, water & grease repulsive, offer excellent suitability with extreme temperature range, and are entirely biodegradable & compostable. These factors are likely to make the product an ideal choice for serving and packaging variety of hot as well as cold food products.

 

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com